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Rio Tinto Opens New Pipe at Diavik
Aug 21, 2018 8:37 AM
By Rapaport News
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RAPAPORT... Rio Tinto has begun mining the A21 pipe, an extension at its
Diavik asset that should allow the company to sustain production levels over
the next four years.
The project took four years to construct at a cost of $350 million.
A21 is the fourth pit at Diavik, which is located in Canada’s Northwest
Territories. The company began processing ore from the pipe in March, and
expects to reach full production during the fourth quarter.
“This investment…reflects the strong outlook we see for the
diamond industry,” Arnaud Soirat, CEO of Rio Tinto Copper and Diamonds, said
Monday. “It is a remarkable achievement to deliver this project safely and
ahead of time in such a challenging environment, positioning Diavik to continue
meeting the demand for its outstanding diamonds.”
Rio Tinto owns a 60% share in Diavik, with the remaining 40% held
by Dominion Diamond Mines.
Image: Rio Tinto
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Tags:
A21, A21 pipe, Arnaud Soirat, Diavik, Dominion Diamond Mines, Rapaport News, Rio Tinto, Rio Tinto Copper and Diamonds
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